Reply to Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles

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Reply to "Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Boomers don’t want to die. They’ll spend their last millions eking out a couple extra miserable months in for-profit nursing homes.

No wealth transfer for you, sorry young’uns! Your parents’ ill-gotten gains went straight into the hands of Capitol Seniors Retirement Group, Inc.! [/quote]

You know, there are a lot of lower income people who work taking care of elderly people. I don’t have a problem with them getting some of that “wealth transfer.”
[/quote]

But they by definition will not get the wealth transfer. They re low-income. They will be paid the bare minimum to do the hard work of caring for people in the last years of their life, and then investors in corporate nursing home chains will reap the rewards. The nursing home aides will continue to be unable to buy a home because they don't make enough money to compete with the all-cash buyers snapping up homes to flip or sit on as an investment.

No one is getting rich working at a nursing home. I wish they would! It's really hard, valuable work that is totally devalued in our society, like almost all forms of care work.[/quote]

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